Pittenger & Anderson Inc. Boosts Position in Union Pacific Corporation $UNP

Pittenger & Anderson Inc. boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 5.9% in the second quarter, Holdings Channel reports. The fund owned 96,955 shares of the railroad operator’s stock after purchasing an additional 5,410 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Union Pacific were worth $22,307,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares during the period. Exchange Traded Concepts LLC grew its holdings in Union Pacific by 83.3% during the first quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator’s stock valued at $187,000 after purchasing an additional 360 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Union Pacific by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,018 shares of the railroad operator’s stock valued at $16,305,000 after purchasing an additional 934 shares during the period. Jmac Enterprises LLC grew its holdings in Union Pacific by 84.6% during the first quarter. Jmac Enterprises LLC now owns 1,661 shares of the railroad operator’s stock valued at $392,000 after purchasing an additional 761 shares during the period. Finally, Whalen Wealth Management Inc. bought a new stake in Union Pacific during the first quarter valued at about $846,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UNP. Susquehanna reissued a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price target on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $261.58.

Union Pacific Stock Performance

NYSE:UNP opened at $227.37 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a 50-day moving average price of $224.87 and a 200 day moving average price of $224.12. The stock has a market capitalization of $134.86 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the business posted $2.74 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.